August 22nd, 2012
01:52 PM ET
(CNN) – A Congressional Budget Office report released Wednesday on the potentially dismal impact of the impending "fiscal cliff" prompted finger pointing from both parties, not surprisingly, blaming each other.
The White House placed blame for a gloomy economic outlook on Congressional Republicans and Mitt Romney, the presumptive GOP presidential nominee, named President Barack Obama as the instigator of high projected deficits.
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